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To: JRI who wrote (39429)12/28/2000 12:13:41 AM
From: Chris  Respond to of 42787
 
take tv as grain of salt. on bloomberg live, i heard tuesday was last day to sell for tax selling.

wrong.



To: JRI who wrote (39429)12/28/2000 8:27:32 AM
From: jacin  Read Replies (1) | Respond to of 42787
 
JRI, the best article on the "Wash Sale Rule" I have found is at www.motleyfool.com. Type in under Search "Wash Sale" and look for the 10/06/00 article. The key word in my opinion that the article refers to is the Bridging of two tax years. Hope this helps.



To: JRI who wrote (39429)12/28/2000 10:10:11 AM
From: adcpres  Read Replies (4) | Respond to of 42787
 
JRI you got it right. The loss is "deferred" and is realized on the sale of the new shares. The disallowed loss is added to the cost basis of the new stock. This postponement of the loss can go on infinitum for each wash sale on that security. It applies anytime of the year -- not just the last 30 days of the year. Fun huh? Get pub. 550 from the IRS they are free. GH


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